Latest Business News, Market Insights & Global Economy Updates
Artificial intelligence is moving quickly into drug discovery as pharmaceutical and biotech companies look for ways to cut years off R&D timelines and increase the chances of success amid rising costs. More than 200 startups are now competing to weave AI directly into research workflows, attracting growing interest from investors. Converge Bio is the latest…
It’s all hands on deck at Meta, as the company develops new AI models under its superintelligence lab led by Scale AI co-founder, Alexandr Wang. The company is now working on an image and video model codenamed “Mango” along with a new text-based model internally known as “Avocado,” The Wall Street Journal reported. The tech…
Limitless, the AI startup formerly known as Rewind, has been acquired by Meta, the company announced Friday on its website. The company, which made an AI-powered pendant to record your conversations, says it will no longer sell its hardware devices and will maintain support for its existing customers for a year. Customers will no longer…
Last year, Meta projected that 10% of its overall annual revenue — $16 billion — would come from fraudulent advertisements on its apps, according to a report from Reuters. The documents accessed by Reuters also show that for three years, Meta failed to protect its users from ads promoting illegal gambling, investment schemes, and banned…
A raft of voice-based hardware devices have emerged, aimed at companionship, productivity, or personal growth. These include card-shaped devices from Plaud and Pocket; pendants from Friend, Limitless, and Taya; and a wristband from Bee, which is now part of Amazon. Now, two former Meta employees who worked on interface design have launched Sandbar, a startup…
Meta chief technology officer Andrew Bosworth took to his Instagram to explain, in more technical detail, why multiple demos of Meta’s new smart glasses technology failed at Meta Connect, the company’s developer conference, this week. Meta on Wednesday introduced three new pairs of smart glasses, including an upgraded version of its existing Ray-Ban Meta, a…
